ISBP was conceived as an intelligent checklist of procedures for document checkers to follow in examining documents presented under letters of credit. While not a substitute for the UCP, which remains the guiding text, ISBP demonstrates how the UCP is to be integrated into everyday practice.
Figures show that more than 50% of credits are rejected for discrepancies on first presentation. The new ISBP, by encouraging a uniformity of practice worldwide, should reduce that figure dramatically and, by doing so, facilitate the flow of world trade. ISBP was conceived as an intelligent checklist of procedures for document checkers to follow in examining the documents presented under letters of credit. While not a substitute for the UCP, which remains the guiding text, the ISBP demonstrates how the UCP is to be integrated into day-to-day practice.
This edition (publication number 681 E) has been revised and the latest ISBP edition is the publication number 745 E.
Highlights Included
In this volume, users will find guidance on how to deal with documents covering at least two different modes of transport (UCP 600 article 19); insurance documents and coverage (UCP 600 article 28); transferable credits (UCP 600 article 38) and a broad range of other issues covered in the new rules.
Personalization
As from 300 copies, we are able to accommodate your personalization for the following publications:
- International Standard Banking Practice (ISBP) - English Edition
- Pratiques Bancaires Internationales Standard (PBIS) - French Edition
Please contact publications@iccwbo.org for further information.
| Code ISBN : | 978-92-842-0551-6 |
| Number of pages : | 88 |
| Publishing date : | 2007 |
| Language : | English |
| Format in cm : | 13.5*22.9 |
Foreword
Introduction
Preliminary Considerations
o The Application and Issuance of the Credit
General Principles
o Abbreviations
o Certifications and Declarations
o Corrections and Alterations
o Dates
o Documents for which the UCP 600 Transport Articles Do Not Apply
o Expressions Not Defined in UCP 600
o Issuer of Documents
o Language
o Mathematical Calculations
o Misspellings or Typing Errors
o Multiple Pages and Attachments or Riders
o Originals and Copies
o Shipping Marks
o Signatures
o Title of Documents and Combined Documents
Drafts and Calculation of Maturity Date
o Tenor
o Maturity Date
o Banking Days, Grace Days, Delays in Remittance
o Endorsement
o Amounts
o How the Draft is Drawn
o Drafts on the Applicant
o Corrections and Alterations
Invoices
o Definition of Invoice
o Description of the Goods, Services or Performance and other General Issues Related to Invoices
Transport Document Covering at Least Two Different Modes of Transport
o Application of UCP 600 Article 19
o Full Set of Originals
o Signing of Multimodal Transport Documents
o On Board Notations
o Place of Taking in Charge, Dispatch, Loading on Board and Destination
o Consignee, Order Party, Shipper and Endorsement, Notify Party
o Transhipment and Partial Shipment
o Clean Multimodal Transport Documents
o Goods Description
o Corrections and Alterations
o Freight and Additional Costs
o Goods Covered by more than One Multimodal Transport Documen
Bill of Lading
o Application of UCP 600 Article 20
o Full Set of Originals
o Signing of Bills of Lading
o On Board Notations
o Ports of Loading and Ports of Discharge
o Consignee, Order Party, Shipper and Endorsement, Notify Party
o Transhipment and Partial Shipment
o Clean Bills of Lading
o Goods Description
o Corrections and Alterations
o Freight and Additional Costs
o Goods Covered by more than One Bill of Lading
Charter Party Bill of Lading
o Application of UCP 600 Article 22
o Full Set of Originals
o Signing of Charter Party Bills of Lading
o On Board Notations
o Ports of Loading and Ports of Discharge
o Consignee, Order Party, Shipper and Endorsement, Notify Party
o Partial Shipment
o Clean Charter Party Bills of Lading
o Goods Description
o Corrections and Alterations
o Freight and Additional Costs
Air Transport Document
o Application of UCP 600 Article 23
o Original Air Transport Document
o Signing of Air Transport Documents
o Goods Accepted for Carriage, Date of Shipment, and Requirement for an Actual Date of Dispatch
o Airports of Departure and Destination
o Consignee, Order Party and Notify Party
o Transhipment and Partial Shipment
o Clean Air Transport Documents
o Goods Description
o Corrections and Alterations
o Freight and Additional Costs
Road, Rail or Inland Waterway Transport Documents
o Application of UCP 600 Article 24
o Original and Duplicate of Road, Rail or Inland Waterway Transport Documents
o Carrier and Signing of Road, Rail or Inland Waterway Transport Documents
o Order Party and Notify Party
o Partial Shipment
o Goods Description
o Corrections and Alterations
o Freight and Additional Costs
Insurance Document and Coverage
o Application of UCP 600 Article 28
o Issuers of Insurance Documents
o Risks to Be Covered
o Dates
o Percentage and Amount
o Insured Party and Endorsement
Certificates of Origin
o Basic Requirement
o Issuers of Certificates of Origin
o Contents of Certificates of Origin
Afterword
Appendix
o The Determination of an “Original” Document in the Context of UCP 500 sub-Article 20(b)
ICC at a Glance
Some ICC Specialized Divisions
Source Products for Global Business
Gary Collyer – Technical Adviser to the ICC Commission on Banking Technique and Practice